Professional Indemnity insurance covers damages caused to third parties by action or omission, with fault or negligence, as specified in Article 1902 of the Civil Code.
Increasingly more and more clients are insisting that their contractors/service providers have suitable liability insurance to cover possible damages/losses that the contractor may cause them in the performance of their work/service.
A professional Indemnity policy designed to protect service-based activities against claims from customers who may allege negligence or mistakes in the provision of the service which cost the client money. The policy covers the cost of compensating clients when something goes wrong including any legal fees.
Professional liability is aimed at companies and SMEs that carry out their activity in different sectors:
- IT professionals, software application developers, IT consultants, web designers, videogame designers, etc.
- Marketing, advertising and communication consultants and companies, event organisers;
- Any type of consultants, advisors, managers;
- Teachers and Professionals in the Education Sector;
- Alternative medicine and wellness professionals;
- Other independent professions: lawyers, architects, engineers, etc.
- Real estate agents, property managers, interior designers, travel agencies, etc.
- And many other activities for which we can offer solutions.
Contact us for a proposal.
Professional Indemnity insurance covers personal injury, material damage and the economic consequences caused to third parties as a result of an accident or work not carried out correctly and which generates economic damage.
In addition to coverage designed to meet the needs of the self-employed, the main value proposition is service. Taking out an insurance policy through Op de Beeck & Worth means having personalised advice in your language. And knowing that whenever there is an incident, your insurance broker will look after your interests.
The main coverages of the Professional CR are:
- Defence and legal costs.
- Negligence, errors or omissions.
- Fidelity and crime.
- Infringement of intellectual and industrial copyrights.
- Breach of the duty of confidentiality
- Possibility of extending to worldwide coverage.
- Lost or damaged documents
- Coverage against material and/or personal damages derived from your activity.
Our service includes a consultancy phase where we listen to your needs, and then approach the market looking for the best protection available for your circumstances.
Afterwards, our clients have access to an exceptional service where they can manage and modify their policy if necessary, as well as a hands on proactive service in the event of a claim. No need to talk to machines. As your broker and advisor we will accompany you and defend your interests all the way.
In addition to this, we provide an excellent service in different languages.
Professional liability is designed for those professionals who carry out consultancy services. That is to say, more conceptual and design activities, such as a marketing plan for a marketing consultant, plans for a house for an architect, or a business analysis for a consultant. This liability covers the economic damage that a bad design may cause to a third party's business or work. Imagine, for example, a bridge that cracks due to poor calculations. The execution may have been correct based on the specifications, but the starting data was not accurate.
Public liability focuses more on execution and installation. Going back to the marketing example, an agency may create a marketing plan, but a particular event is set up by a specialist company. If someone from that company causes damage to the facilities during the preparation and set up of the event, it is a Public Liability. If the agency forgets to specify certain requirements and this causes the cancellation, and therefore a financial loss to the client, this would be a Professional CR.
What our customers say
Thank you for the excellent service.
A friend recommended your company to me years ago and I'm glad I listened to her advice. I have worked with quite a few companies and have rarely had a claim. However, compared to other insurance policies I have occasionally had a claim with (car, dog, ...), your service is top notch: personal service, immediate response, competence and a real personal and individual way you treat your clients.
Thank you very much
The response I received has been very professional, personalised, friendly and close at all times. I have been able to contract a product and service that perfectly suits my needs, when I was faced with several interesting proposals. A success.
All the team members I have dealt with have been professional, patient, polite and friendly. They have dealt with several difficult situations for me and have gone above and beyond to help me. Their advice and judgements have been sound and reliable, so I have always felt safe knowing that I was being well looked after. As an expatriate who does not speak Spanish, life in Spain would be much more difficult without the support of this company.
There is no doubt in my mind that I would recommend Op de Beeck & Worth for a much needed peace of mind.